New York State Teachers Retirement System Sells 26,572 Shares of Hologic, Inc. (HOLX)
New York State Teachers Retirement System decreased its stake in Hologic, Inc. (NASDAQ:HOLX) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 453,088 shares of the medical equipment provider’s stock after selling 26,572 shares during the period. New York State Teachers Retirement System owned 0.16% of Hologic worth $16,624,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. Hall Laurie J Trustee grew its stake in Hologic by 10.2% during the second quarter. Hall Laurie J Trustee now owns 2,425 shares of the medical equipment provider’s stock worth $110,000 after purchasing an additional 225 shares during the period. Commonwealth Bank of Australia grew its stake in Hologic by 31.0% during the second quarter. Commonwealth Bank of Australia now owns 2,533 shares of the medical equipment provider’s stock worth $114,000 after purchasing an additional 600 shares during the period. National Asset Management Inc. acquired a new stake in Hologic during the second quarter worth approximately $203,000. Beck Mack & Oliver LLC acquired a new stake in Hologic during the second quarter worth approximately $209,000. Finally, Notis McConarty Edward acquired a new stake in Hologic during the second quarter worth approximately $213,000. 96.04% of the stock is owned by institutional investors.
HOLX has been the subject of several recent analyst reports. Goldman Sachs Group, Inc. (The) cut Hologic from a “conviction-buy” rating to a “buy” rating and decreased their target price for the stock from $48.00 to $47.00 in a research note on Thursday, August 3rd. Stifel Nicolaus reaffirmed a “buy” rating on shares of Hologic in a research note on Friday, July 14th. Zacks Investment Research cut Hologic from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. BidaskClub cut Hologic from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Bank of America Corporation reaffirmed a “neutral” rating and set a $48.00 target price (up previously from $44.00) on shares of Hologic in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $47.77.
In other news, Director Lawrence M. Levy sold 9,596 shares of the firm’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $36.81, for a total value of $353,228.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lawrence M. Levy sold 7,139 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $39.04, for a total value of $278,706.56. The disclosure for this sale can be found here. Insiders sold 23,873 shares of company stock worth $898,754 in the last 90 days. Corporate insiders own 0.79% of the company’s stock.
Hologic, Inc. (NASDAQ HOLX) opened at $39.06 on Tuesday. Hologic, Inc. has a fifty-two week low of $35.76 and a fifty-two week high of $46.80. The company has a quick ratio of 0.65, a current ratio of 0.85 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $11,095.53, a P/E ratio of 19.39, a PEG ratio of 1.74 and a beta of 0.93.
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Hologic Company Profile
Hologic, Inc is a developer, manufacturer and supplier of diagnostics products, medical imaging systems and surgical products with an emphasis on women’s health. The Company operates through four segments: Diagnostics, Breast Health, GYN Surgical and Skeletal Health. The diagnostics products include Aptima family of assays, ThinPrep system, the Rapid Fetal Fibronectin Test and Procleix blood screening assays.
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